israeli assault cease-fire for the past 24 hours along the israel border. and taking a 54 congressional committee today. refusing to answer questions from the committee. the tainted steroid use is responsible for 32 deaths. president obama will be holding his first news conference since march and just about an hour from now. the president acted to address the looming fiscal cliff reportedly call for $1.6 trillion in new taxes over the coming decade. we will bring it to you live on the fox business network when it happens. does the headlines making news this hour. back to you. dennis: thank you, uma. president obama an hour or so late meeting with ceos. wall street ceos not on the list, not invited. the capital market and regulation, joining us now. an industry bipartisan trade group. it looks like obama's relations with the things have improved. does he look ready to make peace? >> piece has to be made. sort of like the same situation of fiscal cliff. they have to get together and figure out the best way to go forward. dennis: keeping the regulations with a